DELL Jun 2024 77.500 call
- Yahoo Finance Video
More Trump fallout, billionaire donors, Dell exec.: Market Domination
The guilty verdict for Former President Donald Trump is dominating much of the conversation in politics as well as on Wall Street as experts debate the potential impacts it may have on the broader market. Billionaires like Tesla CEO Elon Musk (TSLA) and hedge fund manager Bill Ackman flock to Trump's side. West Virginia Senator Joe Manchin has severed ties with the Democratic Party and is currently registered as an independent. Dell Technologies (DELL) Infrastructure Solutions Group President Arthur Lewis chats with Yahoo Finance about the latest AI advancements in its servers. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Dell: Nonlinear demand, chip supply curb our AI server growth
Shares of Dell Technologies (DELL) are still falling Friday despite surpassing top and bottom line expectations in its first quarter results. Dell Infrastructure Solutions Group President Arthur Lewis joins Market Domination to discuss the margin pressure weighing on the stock. Lewis highlights the "significant momentum" in the company's AI infrastructure business, noting that the company is on a continued growth trajectory. Dell anticipates growth in its server business for multiple quarters to come. Regarding the weak guidance outlook, Lewis explains, "While we have a significant backlog, a lot of demand is project-based and is also based on ... suppliers' ability to deliver." He adds, "It's really non-linear demand that might be a little difficult to forecast." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
- Bloomberg
Michael Dell’s Wealth Falls Most Ever as Sales Disappoint
(Bloomberg) -- Michael Dell’s wealth tumbled the most in a single day after the computer company he founded posted results that disappointed investors.Most Read from BloombergWall Street Billionaires Are Rushing to Back Trump, Verdict Be DamnedHomebuyers Are Starting to Revolt Over Steep Prices Across USModi Set for Landslide Election Win in India, Exit Polls ShowSaudi Arabia Puts Wall Street on Notice to Set Up Shop in RiyadhTrump Is Guilty on All Counts in Hush-Money Case. Now What?Dell’s net
